The Institutional Economics of the International Economy

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This volume examines international economic issues within the framework of institutional economics. It covers the most important international topics that institutional economists historically have addressed. Evolutionary and neoclassical thinking converge and sometimes overlap on the matter of trends and problems of the international economy. A case in point is the increased attention both schools devote to the role of technology in shaping patterns of world trade and specialization. This volume expands and stimulates this discourse on the economics of international relations, including global economic development.